Shipping provisions will continue to trouble German banks and hinder their profitability, Moody’s says.
The agency warns the German banks' shipping exposure remains significantly higher than what is carried by European and global peers.
Swen Metzler, vice president and senior analyst at Moody's identified, BremerLB, DVB Bank, HSH Nordbank, KFW IPEX and NordLB as the five German lenders “most vulnerable to a prolonged shipping downturn”.
